The Enforcement Directorate (ED) has summoned Reliance Group chairman Anil Ambani for questioning on August 5 in connection with a ₹3,000 crore bank loan fraud case that is being investigated under the Prevention of Money Laundering Act (PMLA).
The summons follow a series of raids conducted by the ED on July 24 at multiple locations linked to Mr Ambani and his associated companies. During the three-day operation, officials seized several documents and computer peripherals believed to be connected to the alleged financial irregularities.
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The searches spanned premises in Delhi and Mumbai and targeted 50 companies and 25 individuals, including top executives from the Anil Ambani-led group. Over 25 people have been questioned so far as part of the probe.
According to sources, the ED is investigating multiple allegations of large-scale financial misconduct involving loans worth thousands of crores. The current focus is on alleged diversion or misuse of bank loans that may have been laundered through a web of companies.
While the agency has not yet made any official statement regarding specific charges against Mr Ambani, his questioning is expected to be a key part of the ongoing investigation.
(This story is published from a syndicated feed)
